European Cargo Grounds Fleet, Suspends Operations Amid Financial Turmoil
UK-based all-cargo airline European Cargo has suspended all operations and grounded its fleet of Airbus A340 freighters. The company filed a notice of intention to appoint administrators, citing significant financial pressure. An unforgiving market with falling rates and low demand contributed to the carrier's difficulties. The airline, which launched in 2021, primarily operated from Bournemouth Airport.
Official Source: https://theloadstar.com/european-cargo-grounded-by-financial-pressure-and-an-unforgiving-market/